Arsenal Holdings PLC - Financial Results

Quote:

Originally Posted by Fist of Lehmann

The fella spoke quite well but he didn't really tell us anything that he hadn't already discussed at length on the SwissRamble blog. So...

How dependent Arsenal's profits are on player sales.
How the only area for major revenue growth is in it's commercial deals
How even if we lose 4th, we are unlikely to fall foul of FFP, and how the lost revenue might be offset.

As an aside, I thought he came across far better than Christian Purslow who 5live wheeled out as their financial expert during their Arsenal finance special. Purslow's 'analysis' was no better than the average uninformed punter.

:good:

Ta lad.

Really and truthfully, we're failing to compete (financially), because we made bad deals in a rush to finance the stadium. Coupled with the economic crisis which hit the property profit, it means we didn't and still can't wield a mighty sword in the transfer market.

The rest, is down to Wenger really. What has happened on the pitch (short of being able to suppliment the squad with big names) is really down to him. The money he has had, has not been put to good use, i) on player wages and ii) buying the right type of player at the right time.

That said, we have done well to keep (almost) up with the Jone's for a few year now. Big tests lay ahead this summer IMO.

We know enough now to realise that we can, if needed, spend (albeit with a small amount of risk).

AND, that in the right hands, we should be able to up the commercial side of things going forward. A reason to be optimistic long term at least.